Open services for your child online

Banking services for children aged 0–5

Saving for a child when they are young is a great gift for their future. Young children can’t access our daily banking services just yet but you have the opportunity to start saving for your child today! We offer a couple of different ways to do this:

PerkAccount for children:

You can open a PerkAccount for your child as soon as they have a Finnish personal identity number. By starting early, you can accumulate quite a nest egg for your child’s future.

When you’re looking for an account for regular saving, our PerkAccount is a good option. You can take out money from a PerkAccount when you need to and transfer money to it from other accounts. Our PerkAccount is also a handy way for guardians and other family members to gift the child money on their birthday, for instance.

We at Nordea will gift your child 20 euros when you open an account with us for a child under the age of 6 months and direct your child benefits to their Nordea account. If you start saving regularly in funds for your child in addition to this, our cash gift will go up to 40 euros.

Saving for children:

Saving and investing for your child helps secure their financial future and build a nest egg they can later use for making larger purchases and realising their dreams.

Understanding the importance of saving is also a key part of learning financial skills. It’s important for every child to learn the basics of spending and saving money for them to grow up financially literate. Tracking the progress of your savings together with your child can help instil in them the financial skills they’ll need as an adult.

Read more about saving for your children

Banking services for children aged 6–14

From 6 years up, more banking services will become available to your child, including:

• PerkAccount and services for saving (no age limit)
• Current account (no age limit)
  
• Nordea Debit card (from 6 years up)
• Nordea access codes (when your child is ready)

Current account:

We recommend that you open a current account for your child when you order a Nordea Debit card for them.

If you want to open a current account for your child before they are ready to have their own debit card, this is also possible since our current account has no age limit. However, we recommend that you apply for both a current account and a Nordea Debit card for your child at the same time when they are old enough to start managing their money. When you apply for a Nordea Debit card for your child online, the card comes with a new current account as standard and you will have to let us know if you don’t want one.

You can apply for a current account or a PerkAccount for your child easily online.

Nordea Debit card:

You can apply for a Nordea Debit card for your child once they are aged 6 or above. The guardians of a minor will decide when the child is capable of using banking services independently and they are responsible for how the child uses these services.

When children start school and begin spending more time in hobbies and with their friends, this is usually a good time to get them their first debit card. A child’s personal debit card makes daily life easier for the child and their parents alike, as the child can independently pay for small purchases.

Nordea Debit can also be added to mobile payment apps, such as Apple Pay, Google Pay or Samsung Pay. This allows your child to pay with their phone on the go. Your child will need both guardians’ permission to add their debit card to their phone and must be over the minimum age to use the app.

Read more about applying for a card for your child

Nordea access codes:

You can open an online banking agreement for your child, enabling them to use a variety of digital services with their Nordea access codes, when your child is ready to take their first steps into online banking. This requires the consent of both parents.

Your child can use our Nordea ID and mobile banking apps to check their account balance and make payments. You as the guardians will decide which accounts your child can view in Nordea Mobile and Netbank and which accounts they can use to make payments. To log in to third-party services, you will need to opt for e-identification for your child, which is a form of strong electronic authentication.

Our Nordea ID app is a means of identification your child can download to their mobile device and use with their Nordea access codes. We recommend that you also add your child’s user profile to the Nordea ID app used by one of their guardians on another device. This is perfectly safe, as everyone uses the Nordea ID app with their personal user ID, so several family members can share one app.

Read more about online banking codes for children

Banking services for teens aged 15–17

We offer the following services for young people:

• PerkAccount and services for saving:
• Current account 
• Nordea Debit card 
• Nordea access codes 
• ASP account (for people aged 15 or over)
• Student loan (for people 17 or over)

If you’re 15 or over, you can apply for basic banking services, including a current account, a Nordea Debit card and Nordea access codes, to manage your personal income. 

ASP account for people aged 15 or over:

It’s never too early to start ASP saving. If you’re a minor and want to open an ASP account, you will need your guardians’ consent.

Until you turn 18, you may only deposit money earned through your work in the account. Any money gifted by your parents, grandparents or other close relatives, for example, may not be deposited in the ASP account while you’re still a minor.

Read more about ASP account

Student loan for a minor:

A student loan is designed to help cover the day-to-day expenses of students. If you’re a minor, you can apply for and draw down a student loan with your guardians’ consent.

When you apply for a student loan as a minor, you must fulfil certain criteria to be eligible for a state guarantee. A student loan with a state guarantee can be granted to applicants under the age of 17 if they don’t live with their parents and if their parents’ annual income is less than 64,400 euros in total. More information about student loans for minors is available on Kela’s website.

We have put together some basics of money management for people interested in honing their financial skills.

Read more about student loans for minors

On the cusp of adulthood

When you turn 18, you will take over responsibility for your banking. Your guardians will no longer have access to your accounts and you yourself will be responsible for your banking services. This is also the time when you often take charge of your financial planning for the first time and start earning money if you haven’t already.

Our expert advisers share practical tips for managing your money and answer any financial questions you may have on social media. Our Nordea_Aspa account is available to answer questions on Jodel from Monday to Friday. You can also find us on Instagram at @nordea_fi and on Snapchat at @nordeasuomi.

Preparing for your studies?

Do you know about our student customer benefits?